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RBNZ report a fall in March residential mortgage lending: Down 8.9% y/y

RBNZ report a fall in March residential mortgage lending: Down 8.9% y/y

Central Banks
Eamonn Sheridan
01/05/2017 | 03:24 GMT

Reserve Bank of New Zealand data for lending

  • Lending for new residential mortgages down 8.9% y/y
  • Investor lending down 32% y/y

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The measures brought in by the RBNZ to try to cool the property market having an impact on lending.

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